KE Holdings Inc. (NYSE:BEKE) Stake Raised by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 414.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 119,692 shares of the company's stock after acquiring an additional 96,436 shares during the period. Union Bancaire Privee UBP SA's holdings in KE were worth $2,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BEKE. Canada Pension Plan Investment Board raised its stake in shares of KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares in the last quarter. Norges Bank bought a new stake in shares of KE during the 4th quarter worth about $130,167,000. Aspex Management HK Ltd acquired a new stake in shares of KE in the 4th quarter worth approximately $119,996,000. H Capital V GP L.P. acquired a new stake in shares of KE in the 4th quarter worth approximately $91,147,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of KE by 504.2% in the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock valued at $103,949,000 after acquiring an additional 4,709,266 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Performance

Shares of NYSE BEKE traded down $0.43 during trading on Friday, hitting $18.56. The company had a trading volume of 47,443,315 shares, compared to its average volume of 9,509,155. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The business's 50-day moving average is $19.29 and its 200 day moving average is $19.45. The company has a market cap of $22.43 billion, a P/E ratio of 37.88, a PEG ratio of 3.45 and a beta of -0.76.

KE Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were given a $0.36 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, April 9th. This is an increase from KE's previous -- dividend of $0.17. KE's dividend payout ratio is 58.49%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group raised KE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup dropped their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Morgan Stanley raised their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $27.16.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.